There is a pretty good chance that there will be some major changes happening at Cameron International (CAM.DL) over the next couple quarters. In the last quarter of 2013, several hedge funds combined to purchase over $1.1 billion in shares of Cameron, and if history is any lesson there are certainly going to be some changes made.
There are probably two reasons that Cameron looks so attractive right now. 1) It's a company struggling with operational issues that has a boat load of cash on the books, and 2) the decision by National Oilwell Varco (NOV 0.64%) to spin off its distribution business and start offering competitors equipment through that new business could lead to a major uptick in sales for Cameron. Find out how much this move by NOV could impact Cameron and what we can likely expect to see happen at Cameron with so much ownership in the hands of hedge funds by tuning into the video below.
